US refunds $100bn of Donald Trump’s ‘liberation day’ tariffs

More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal Business live – latest updates The Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports. The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday,…